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Bitcoin
Bitcoin is the pioneer of blockchains and cryptocurrencies, introduced in a white paper released in 2008 by an apparently pseudonymous person or group of people known as Satoshi Nakamoto. The document described a peer-to-peer method of transferring money without the use of financial institutions. The cryptocurrency known as bitcoin or BTC debuted in 2009. Transactions are recorded on a public ledger (a blockchain) by entities known as miners who engage in process called proof-of-work. Miners are rewarded for doing that by getting newly minted bitcoin. Some proponents view BTC as an alternative to fiat currencies and a hedge against inflation. Bitcoin has inspired the creation of numerous other cryptocurrencies and blockchain projects.
DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person
Bitcoin’s Bull Flag Breakout Suggests More Upside; Support at $57K
The cryptocurrency could break the six-figure mark in Q4, one firm said.
Bitcoin Still a Risk Asset Despite Last Week’s Inflation-Led Rally, TradFi Experts Say
An elevated inflationary environment is completely new territory for bitcoin and its reaction function, one analyst said.
VanEck to Launch Bitcoin Futures ETF ‘XBTF’ Next Week After SEC Rejects Spot Offering
Chicago-based CBOE exchange says in website posting that the VanEck Bitcoin Strategy ETF will start trading Tuesday under the ticker symbol “XBTF.”
Will the Holiday Season Bring Gifts or a Lump of Coal for Bitcoin Investors?
There are just seven weeks left in the year, and it seems there’s no consensus on who will win out: the HODLers (steadfast accumulators) or the profit-takers.
Indian Government to Take ‘Progressive’ Steps on Crypto, Sources Say After PM Modi’s Meeting
The Parliamentary Standing Committee on Finance will meet industry representatives next week to seek their views.
Indian National Congress Accuses Modi-Led BJP of Covering Up Country’s Biggest Bitcoin Scam
Leaders accuse the prime minister of trying to drop the investigation.
Market Wrap: Bitcoin Expected to Rise on Taproot Upgrade
Some analysts expect a price rise as the Bitcoin network receives the most significant upgrade since 2017.
Bitcoin Decline Could Stabilize at $60K Support
Short-term upside appears to be limited given the loss of upside momentum.
